Norway: Market for Glycosides And Vegetable Alkaloids 2024

Market Size for Glycosides And Vegetable Alkaloids in Norway

In 2022, after two years of decline, there was significant growth in the Norwegian glycosides and vegetable alkaloids market, when its value increased by X% to $X. Over the period under review, consumption enjoyed moderate growth. Glycosides and vegetable alkaloids consumption peaked in 2022 and is likely to continue growth in the near future.

Production of Glycosides And Vegetable Alkaloids in Norway

In value terms, glycosides and vegetable alkaloids production contracted notably to $X in 2022 estimated in export price. Over the period under review, production enjoyed significant growth. The pace of growth was the most pronounced in 2016 with an increase of X,700% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

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Exports of Glycosides And Vegetable Alkaloids

Exports from Norway

In 2022, shipments abroad of glycosides and vegetable alkaloids was finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, glycosides and vegetable alkaloids exports skyrocketed to $X in 2022. In general, exports, however, recorded a mild downturn. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Poland (X tons), Italy (X tons) and Denmark (X tons) were the main destinations of glycosides and vegetable alkaloids exports from Norway, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) emerged as the key foreign market for glycosides and vegetable alkaloids exports from Norway, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by Denmark, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Poland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Denmark (X% per year).

Export Prices by Country

In 2022, the average glycosides and vegetable alkaloids export price amounted to $X per ton, rising by X% against the previous year. Overall, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glycosides and vegetable alkaloids export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glycosides And Vegetable Alkaloids

Imports into Norway

For the third consecutive year, Norway recorded decline in purchases abroad of glycosides and vegetable alkaloids, which decreased by X% to X tons in 2022. In general, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, glycosides and vegetable alkaloids imports declined sharply to $X in 2022. Over the period under review, imports showed a deep setback. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of glycosides and vegetable alkaloids to Norway, accounting for a X% share of total imports. Moreover, glycosides and vegetable alkaloids imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. The UK (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the UK (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of glycosides and vegetable alkaloids to Norway, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Australia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Australia (X% per year).

Import Prices by Country

In 2022, the average glycosides and vegetable alkaloids import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glycosides and vegetable alkaloids import price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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